Holocene Advisors LP Has $42.94 Million Position in Synopsys, Inc. (NASDAQ:SNPS)

Holocene Advisors LP decreased its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 59.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 84,788 shares of the semiconductor company’s stock after selling 122,129 shares during the period. Holocene Advisors LP’s holdings in Synopsys were worth $42,936,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. ORG Partners LLC raised its holdings in shares of Synopsys by 600.0% in the 2nd quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 36 shares during the last quarter. Chris Bulman Inc purchased a new stake in shares of Synopsys in the second quarter worth approximately $30,000. Pacifica Partners Inc. bought a new position in shares of Synopsys in the third quarter valued at approximately $25,000. Tsfg LLC boosted its position in shares of Synopsys by 75.0% during the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 24 shares during the last quarter. Finally, Fortitude Family Office LLC grew its holdings in Synopsys by 66.7% during the second quarter. Fortitude Family Office LLC now owns 60 shares of the semiconductor company’s stock worth $36,000 after buying an additional 24 shares in the last quarter. 85.47% of the stock is owned by institutional investors.

Synopsys Price Performance

Shares of NASDAQ SNPS opened at $565.93 on Tuesday. The business’s fifty day moving average price is $527.03 and its 200-day moving average price is $545.36. Synopsys, Inc. has a one year low of $457.52 and a one year high of $629.38. The stock has a market capitalization of $86.93 billion, a PE ratio of 58.71, a P/E/G ratio of 3.41 and a beta of 1.08.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SNPS shares. Rosenblatt Securities restated a “buy” rating and set a $635.00 price objective on shares of Synopsys in a research note on Friday, August 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $640.00 price objective on shares of Synopsys in a research report on Tuesday, October 22nd. Loop Capital initiated coverage on shares of Synopsys in a research report on Monday, November 11th. They set a “buy” rating and a $675.00 target price on the stock. Wells Fargo & Company initiated coverage on Synopsys in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $570.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their price target on Synopsys from $655.00 to $685.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $653.80.

Synopsys Company Profile

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers virtual prototyping, static and formal verification, simulation, emulation, field programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.